MANAC Chemical PartnersLtd Balance Sheet Health
Financial Health criteria checks 5/6
MANAC Chemical PartnersLtd has a total shareholder equity of ¥11.1B and total debt of ¥332.0M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ¥14.3B and ¥3.2B respectively. MANAC Chemical PartnersLtd's EBIT is ¥31.0M making its interest coverage ratio -0.8. It has cash and short-term investments of ¥3.2B.
Key information
3.0%
Debt to equity ratio
JP¥332.00m
Debt
Interest coverage ratio | -0.8x |
Cash | JP¥3.23b |
Equity | JP¥11.05b |
Total liabilities | JP¥3.22b |
Total assets | JP¥14.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4360's short term assets (¥9.8B) exceed its short term liabilities (¥3.1B).
Long Term Liabilities: 4360's short term assets (¥9.8B) exceed its long term liabilities (¥105.0M).
Debt to Equity History and Analysis
Debt Level: 4360 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 4360's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 4360's debt is well covered by operating cash flow (365.7%).
Interest Coverage: 4360 earns more interest than it pays, so coverage of interest payments is not a concern.